Jump to content

Selling property in France


Ski Bunny
 Share

Recommended Posts

We are thinking about selling our apartment in Samoens in France, in the Haute de Savoie region, part of the Grand Massif ski area.  I would like advice on a few things

1.  What fees, tax etc will we be likely to pay?  We have owned the property for less than 5 years, but I am expecting to probably sell it for less than we bought it, so I assume the Cap Gain Tax would be zero?  However, the exchange rate will work in our favour and may convert this into a small profit - will we have to pay tax on this?

2.  I heard somewhere mentioned that the notaire's will deduct a 1% tax on sale price fo Non French resident selling a property - is this correct?  I also read that yu can attempt to claim this tax back through an agreement that all EU countries should be taxed the same - is this right??

3.  Are the notaire's fees always paid by the buyer?  Even if the buyer ends up using a different notaire to the one which you appoint to deal with the sale?  Would they then have to pay 2 notaire's fees?

4.  How much do the diagnostic surveys cost and can you "reuse" the ones which you got when you purchased the property if you are selling within 5 years of buying?

5.  Does anyone know what the market prices are doing in this area of France - are they still falling or have they maybe started to recover a little - the $m question - when to sell?!!

6.  Any other costs or issue I should be awrae of?

All comments very gratefully received !

Link to comment
Share on other sites

  • 2 weeks later...
Ski bunny,

All of your questions are best and probably only can be answered by a local notaire, they'll even know what the market is doing in your area. I can, however, answer no. 3, (I think!) the buyer does always pay notaire fee's. Apparently if they appoint a 2nd notaire the fee is shared between notaires and still paid by the buyer.

yvonne
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...